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On Tuesday, August 11, Sysco (NYSE: SYY) will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
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Sysco's EPS will be near $-0.3 on sales of $9.52 billion, according to Wall Street analysts. Sysco reported a profit of $1.1 per share when it published results during the same quarter last year. Sales in that period totaled $15.47 billion. If the company were to match the consensus estimate, earnings would be down 127.27%. Sysco's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2020 | Q2 2020 | Q1 2019 | Q4 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.60 | 0.84 | 0.97 | 1.06 |
| EPS Actual | 0.45 | 0.85 | 0.98 | 1.10 |
| Revenue Estimate | 14.09 B | 15.10 B | 15.50 B | 15.65 B |
| Revenue Actual | 13.70 B | 15.03 B | 15.30 B | 15.47 B |
Stock Performance
Shares of Sysco were trading at $57.81 as of August 10. Over the last 52-week period, shares are down 19.41%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Sysco is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/sysco/mediaframe/39741/indexr.html
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.